Flexsteel soars on Q2 forecast, CFO appointment

Flexsteel Industries

11/01/2024 23:26

** Shares of furniture maker Flexsteel  FLXS.O  rise 21.5%
to $21.9 in after-market trading 
    ** Company expects to report Q2 adjusted profit of 57 cents
per share vs 8 cents last year
    ** Expects Q2 sales orders to jump 14% to $104.8 mln from
prior qtr
    ** FLXS expects 2%-6% sales growth of between $416 mln and
$432 mln for 2024 compared with last year
    ** Co says insider Michael J. Ressler appointed as CFO
    ** Stock had fallen 9.2% in 2023 

 (Reporting by Kabir Dweit)
 ((Kabir.Dweit@thomsonreuters.com))